Press release
What's driving the Electrosurgical Devices Market Growth? Prominent Players: Medtronic, Olympus Corporation, Ethicon USA, LLC., Boston Scientific Corporation and more
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Major Key Players are
• Medtronic
• Olympus Corporation
• Ethicon USA, LLC.
• Boston Scientific Corporation
• B. Braun Melsungen AG
• Kirwan Surgical Products, LLC
• Smith & Nephew plc
• Parkell, Inc.
• BOVIE MEDICAL
• ATMOS MedizinTechnik GmbH & Co. KG and others.
Demand for Cosmetic Surgeries to Foster Market Growth
Electrosurgery is a technique used to cut and coagulate tissues in the body, using electrical current and hand-held instruments. Electrosurgical devices are used to perform different surgeries such as cardiovascular surgery, general surgery, gynecology surgery, and others. Olympus Medical developed THUNDERBEAT, a bipolar device which combines bipolar and ultrasonic energies, used for cutting and sealing procedure in a single process. The Utilization of the device has led to faster tissue division, comfortable preparation, and effective sealing. The global electrosurgical devices market is predicted to grow rapidly during the forecast period, owing to the increasing incidence of chronic diseases and ageing population.
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The rising number of minimally invasive surgical procedures and the increasing demand for cosmetic surgeries are some of the major factors propelling the growth of the global electrosurgical market during the forecast period. Surgical procedures such as surgeries of the spine, neurological surgeries, and cranial surgical procedures require complex advanced instruments with high precision and reliability which in turn is fueling demand and enabling growth for the market. In addition, new advances in the electrosurgical devices offering ergonomic designs are anticipated to boost the global electrosurgical devices market.
Segmentation for Electrosurgical Devices Market
By Technology
• Monopolar Electrosurgery Devices
• Bipolar Electrosurgery Devices
• Ultrasonic Devices
By Type
• Hand-held Instruments
• Electrosurgery Generators
• Argon and Smoke Management Systems
• Accessories
By Application
• General Surgery
• Urology
• Orthopedic
• Cosmetic surgery
• Cardiovascular
• Gynecology
• Others
By End User
• Hospitals
• Specialty Clinics
• Ambulatory Surgery Centers
• Others
4T Medical Announces Portable Electrosurgical Device
4T Medical, an aesthetic medical product supplier launched Zeus, multi-frequency plasma electrosurgical device. The device can accomplish both surgical and non-surgical procedures for aesthetic treatments such as dermatology, gynecology vascular surgery and dentistry. The new device is predicted to fuel demand among patients and propel growth for the global electrosurgical device market during the forecast period due to the multiple settings in the device which enables practitioners to gain control over frequency, power and duty cycle and thus operate effectively.
The launch of electrosurgical platforms by companies for treating patients is also a factor contributing to the market. For Instance, in 2019 PENTAX Medical launched the new innovative electrosurgical and argon plasma coagulation (APC) platforms. The launch of electrosurgical and argon plasma coagulation (APC) platforms is expected to drive the global electrosurgical market, owing to safety features and optimization in the platforms.
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KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
Why Choose Fortune Business Insights?
North America to Lead the Global Market
Geographically, the global electrosurgical devices market is segmented into North America, Europe, Asia-pacific, Latin America. North America is leading and is predicted to dominate the global electrosurgical devices market during the forecast period, owing to the rising number of surgical procedures and well-developed healthcare infrastructure which in turn is fueling high demand for advanced electrosurgical devices in the region. Asia Pacific is predicted to grow at a significantly high rate during the forecast period, owing to the rising cases of chronic diseases. In addition, the increasing number of cosmetic surgeries, developing healthcare infrastructure, and growing acceptance for minimally invasive surgical procedures by healthcare organizations and government is also boosting the global market in the region.
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